How to Buy Banklife (LIB)

A Step-by-Step-Guide on how to buy Banklife (LIB)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and receive Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Banklife (LIB) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate Banklife (LIB)

As soon as your deposit has been verified, you will now have access to your funds and you can start purchasing and trading. To invest in (LIB) Banklife on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to find (LIB) Banklife, you'll need to put the short name of the asset (LIB) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we've highlighted this also. Click on “LIB/BTC” to progress.

How to buy Coin on Binance 1 Banklife (LIB)
Step 4 – Acquisition of (LIB) Banklife

As soon as you've located Banklife (LIB), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest tariff (LIB) Banklife was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of LIB you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete quantity of LIB.

If you are satisfied, make a mouse click on “Buy LIB”. Your plan will be filled when a Seller trades their LIB for the price you offered.

Step 5 – Withdraw (LIB) Banklife

Unless you're regularly trading, best advise is not to keep coins on an Exchange for an longer time frame. To take off your (LIB) Banklife, go to the tab called “Funds” and click on “Withdraw”. (LIB) Banklife can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Banklife (LIB) by using the provided drop-down box. Enter the quantity of Banklife (LIB) you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Congratulations! You've successfully bought and safed Banklife (LIB).

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (LIB) Banklife is stored inside your wallet, you are done.